Mechanics Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	572.27	528.51	602.87	551.3	553.87
Interest Income on Investments	239.49	207.2	116.09	99.78	78.21
Total Interest Income	811.76	735.72	718.96	651.07	632.07
Interest Paid on Deposits	219.62	189.26	119.44	16.27	9.55
Interest Paid on Borrowings	6.43	27.29	36.31	3.57	1.37
Total Interest Expense	226.05	216.55	155.75	19.84	10.92
Net Interest Income	585.72	519.17	563.21	631.23	621.16
Net Interest Income Growth (YoY)	12.82%	-7.82%	-10.78%	1.62%	7.98%
Trust Income	13.02	12.32	9.64	9.71	10.3
Gain (Loss) on Sale of Investments	4.57	-207.2	-	-11.23	-
Other Non-Interest Income	36.64	32.11	39.63	39.46	36.79
Total Non-Interest Income	77.45	-139.12	74.23	63.73	70.92
Non-Interest Income Growth (YoY)	-	-	16.47%	-10.13%	-1.82%
Revenues Before Loan Losses	663.16	380.05	637.44	694.97	692.08
Provision for Loan Losses	20.5	-1.51	0.75	26.63	21.22
Revenue	642.66	381.56	636.69	668.34	670.86
Revenue Growth (YoY)	68.43%	-40.07%	-4.74%	-0.38%	25.93%
Salaries and Employee Benefits	219.32	190.94	200.75	205.82	221.86
Federal Deposit Insurance	9	14.63	9.23	6.09	-
Amortization of Goodwill & Intangibles	17.13	13.45	17.32	20.67	24.28
Selling, General & Administrative	105.18	89.5	91.96	96.66	61.98
Other Non-Interest Expense	42.11	34.84	39.56	37.14	76.78
Total Non-Interest Expense	395.21	345.86	358.75	366.21	384.91
EBT Excluding Unusual Items	247.46	35.7	277.94	302.13	285.95
Other Unusual Items	145.46	-	-	-	-
Pretax Income	319.55	35.7	277.94	302.13	285.95
Income Tax Expense	53.81	6.7	76.03	85.55	79.94
Net Income	265.74	29	201.91	216.58	206.01
Net Income to Common	265.74	29	201.91	216.58	206.01
Net Income Growth	816.37%	-85.64%	-6.77%	5.13%	120.42%
Basic Shares Outstanding	222	212	212	212	212
Diluted Shares Outstanding	222	212	212	212	212
Shares Change (YoY)	4.78%	-0.05%	0.02%	0.08%	-
EPS (Basic)	1.20	0.14	0.95	1.02	0.97
EPS (Diluted)	1.20	0.14	0.95	1.02	0.97
EPS Growth	774.83%	-85.63%	-6.79%	5.05%	120.42%
Dividend Per Share	0.210	0.448	0.499	1.109	0.245
Dividend Growth	-53.13%	-10.26%	-54.97%	351.79%	-
Effective Tax Rate	16.84%	18.76%	27.35%	28.32%	27.96%

Updated Jan 30, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.